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The yield-to-maturity on one-year, two-year, and three-year zero-coupon bonds are currently 7%, 8%, and 9% respectively. The Treasury plans to issue a three-year bond that

The yield-to-maturity on one-year, two-year, and three-year zero-coupon bonds are currently 7%, 8%, and 9% respectively. The Treasury plans to issue a three-year bond that pays an annual coupon of 9% ...

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